How To Become A Mutual Fund Manager: What It Is and Career Path

What is a mutual fund manager and how to become one

Updated January 8, 2025

3 min read

The job of a mutual fund manager is relatively straightforward. It requires that you manage the purchase and sales of fund holdings while working with clients and helping them grow their wealth. You will also manage investment funds usually owned by private and corporate investors.

This is because investors rely on your expertise and knowledge to guide them with the correct information to invest in the right organizations and increase their income. To become a mutual fund manager, you need extensive education and years of experience.

While a career in mutual fund management offers excellent income, you need to have an undergraduate degree like BBA or a degree in finances and investment. An MBA in finance and certificates of some stock market courses are also sometimes necessary.

Aside from that, you need to have strong time management, confidence, teamwork, problem-solving, and communication skills. Most mutual fund managers make an average of $125,000 per year.

ScoreMutual Fund ManagerUS Average

Salary

5.4

Avg. Salary $68,537

Avg. Salary $59,228

Stability level

8.0

Growth rate 17%

Growth rate 0.3%

Diversity

3.4

Race

American Indian and Alaska Native 0.66%

Asian 8.87%

Black or African American 7.52%

Hispanic or Latino 12.59%

Unknown 4.69%

White 65.67%

Gender

female 44.76%

male 55.24%

Age - 47

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 47

Stress level

8.0

Stress level is high

7.1 - high

Complexity level

9.5

Complexity level is advanced

7 - challenging

Work life balance

4.5

Work life balance is fair

6.4 - fair

Key steps to become a mutual fund manager

Explore mutual fund manager education requirements

Most common mutual fund manager degrees

Bachelor's

71.2 %

Master's

14.0 %

Associate

8.6 %

Start to develop specific mutual fund manager skills

Skills	Percentages
Financial Reports	13.05%
Portfolio	12.55%
Payroll	8.39%
Oversight	8.28%
Financial Analysis	6.91%

Complete relevant mutual fund manager training and internships

Accountants spend an average of 6-12 months on post-employment, on-the-job training. New mutual fund managers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a mutual fund manager based on U.S. Bureau of Labor Statistics data and data from real mutual fund manager resumes.

Research mutual fund manager duties and responsibilities

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Lead upgrade that streamline the interface for entering custom swaps, and automate the process for creating standard swaps.

Prepare your mutual fund manager resume

When your background is strong enough, you can start writing your mutual fund manager resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a mutual fund manager resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable mutual fund manager resume templates

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